Evertec (EVTC) Misses Q3 EPS by 6c; Offers FY22 Guidance

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Go back to Evertec (EVTC) Misses Q3 EPS by 6c; Offers FY22 Guidance

EVERTEC Reports Third Quarter 2022 Results 

November 2, 2022 4:05 PM EDT

SAN JUAN, Puerto Rico--(BUSINESS WIRE)-- EVERTEC, Inc. (NYSE: EVTC) (Evertec or the Company) today announced results for the third quarter ended September 30, 2022.

Third Quarter 2022 and Recent Highlights

Closed Popular Transaction with expected impacts on revenue and margins Revenue remained relatively flat at $145.8 million GAAP Net Income attributable to common shareholders was $137.8 million or $2.06 per diluted share Adjusted EBITDA decreased 25% to $52.4 million; excluding the impact from FX remeasurement Adjusted EBITDA would have been $60.2 million, a decrease of 14% Adjusted earnings per common share was... More